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RPC seals its first solar deal in Finland with a 1-GW development agreement

London-based renewables company Renewable Power Capital (RPC) has entered into a co-development partnership with solar developer Aurinkokarhu Oy that will seek to deploy up to 1 GW of new solar capacities in Finland.

The pact marks RPC’s first solar deal in Finland where the company has been present since its founding, according to a statement released today.

The two partners will target achieving a ready-to-build status for the first projects by 2026. The sites are expected to become operational from 2028 onwards.

RPC’s Finnish portfolio already includes 170 MW of operational onshore wind and 50 MW of battery storage systems (BESS) under construction.

The deal with Aurinkokarhu comes shortly after RPC recently entered into the Finnish and Italian battery storage markets.

Finland-based Aurinkokarhu was founded in 2022.

Earlier this month, the company unveiled a partnership with French independent power producer (IPP) Smart Energies that will allow it to incorporate smaller-scale projects. That agreement is focused on the joint development of 30 MWp of solar projects in South and West Finland ranging from 1 MWp to 5 MWp each.


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